The Conference Board’s Consumer Confidence Index dropped to 93.1 in May as escalating prices linked to the Middle East conflict eroded household sentiment.
Tag: Conference Board
Two-Thirds of US Consumers Cutting Spending Due to Rising Prices: Survey
A Conference Board survey found that approximately two-thirds of American consumers have reduced overall spending in May 2026 in response to persistent price increases.
US Consumer Confidence Drops to 93.1 in May Citing Middle East Conflict Inflation
The Conference Board reported US consumer confidence dipped to 93.1 in May as concerns about war-driven inflation weighed on households.